Boeing starts to stanch bleeding in defense sector; records fresh losses in Q4

By Michael Marrow / January 25, 2023 at 12:16 PM
A rebound in commercial jet deliveries boosted Boeing’s revenue for the fourth quarter of 2022 but lingering supply chain woes and a struggling defense business unit led the company to record a net loss of $663 million. The company’s revenue totaled $20 billion for the final quarter of 2022 and $66.6 billion for the year, according to Boeing’s Q4 earnings summary , but its commercial and defense units still recorded losses. Boeing said its commercial business lost $626 million during...

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